Closing the Drawings Account to Capital Is Not Necessary If

question 39

True/False

Closing the drawings account to Capital is not necessary if profit is greater than owner's drawings during the period.

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Definitions:

Dehydrated

A state in which the body loses more fluids than it takes in, leading to an imbalance of water and electrolytes.

Irregular Heartbeat

A condition where the heart's natural rhythm is disrupted, leading to irregularities in heart rate or rhythm.

Amino Acids

Organic compounds that serve as the building blocks of proteins.

Proteins

Large biomolecules, or macromolecules, consisting of one or more long chains of amino acid residues that play critical roles in the body, such as catalyzing metabolic reactions, DNA replication, and responding to stimuli.